PET

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PET

abbreviation for POTENTIALLY EXEMPT TRANSFER.
References in periodicals archive ?
Asked by the government to head the legal department of Polaroid Corp., one of Petters' legitimate businesses, Ting managed through criminal proceedings and bankruptcy and receivership litigation.
"Kellye brings a broad range of experience and expertise to HII, and I am looking forward to her joining the team," Petters said in a statement.
BMO Harris Bank (NYSE: BMO) has been accused by the bankruptcy trustee overseeing the recovery of funds in the Petters case of abetting the fraud.
Maintaining those industrial assets requires long-term planning and investment, Petters says.
"It turns out that their gravity is so powerful that some light rays are also going to pile up along curves," said Petters, a gravitational lensing expert.
The suit claims that Petters Capital, which was created as a "special purpose vehicle" to raise financing for alleged acquisition of merchandise, was running a Ponzi scheme in which "little or none of the merchandise to be bought and sold ever existed";
Sun Country Airlines has won bankruptcy court approval for financing from fellow Petters Aviation subsidiary Elite Holdings.
Petters Company has reportedly been searched by federal agents as part of an investigation being conducted by law enforcement agencies.
Paul, Minn.-based carrier by Petters Group and Whitebox Advisors was concluded Oct.
is licensing the Sunbeam name to Petters Group Worldwide for a major appliances line including cooking ranges, dishwashers, over-the-range microwaves and eventually washers and dryers.
has become a wholly owned subsidiary of Petters Group Worldwide, a Minneapolis-based company that purchased the company earlier this year in a transaction valued at $426 million.